Labtech Ltd was founded in 1984 and was a privately owned business with the sole focus of offering a specialist "non-standard" PCB production service. The business grew steadily and in 1990 was acquired by Intelek Plc, a London Stock Exchange company. During 1994, Labtech opened a purpose-built PCB production factory in Presteigne, Wales and this culminated in significant growth during the remainder of the century. Labtech was awarded the Queen's Award for Export Achievement in 2001, as recognition of the company's outstanding business performance.
In 2010, Labtech was acquired by Teledyne Technologies Inc. and was renamed Teledyne Labtech. The new company, which is now part of the Teledyne Aerospace & Defense Electronics segment, still retains its focus on the highly complex, high reliability systems, and is now a key member of one of the world's leading high technology corporations.